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Updated almost 6 years ago,

User Stats

26
Posts
2
Votes
Kyle Fitzpatrick
  • Flipper/Rehabber
  • Bloomington, IL
2
Votes |
26
Posts

House Hacking using FHA loans

Kyle Fitzpatrick
  • Flipper/Rehabber
  • Bloomington, IL
Posted

I want to house hack a quadplex preferably using an FHA 3% down residential loan . However, this would leave me personally liable for lawsuits without using an LLC (which I have). What is the best strategy in this situation? I have the option of using a commercial loan 20% down taking a mortgage out in my LLC's name but that leaves me very inflexible to start in case something were to happen. Thanks

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